Egypt’s Green Transition: Major Advances In Sustainable Industry And Renewable Energy

Dr. Rania A. Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, underscored the crucial role of green industrial development in fostering sustainable growth and combating climate change. Speaking at the “Industry and Environment Towards Green Development” conference, Al-Mashat emphasized that integrating environmental, social, economic, and technological aspects into industrial policies aligns with Egypt’s broader sustainable development goals.

The conference, organized by the Ministries of Industry and Environment with support from international partners including the European Union, European Investment Bank, and German and French development agencies, was attended by key figures such as Lieutenant General Kamel Al-Wazir and Dr. Yasmin Fouad.

Al-Mashat highlighted that sustainable industries are vital for economic growth, enhancing the competitiveness of Egyptian exports and creating new job opportunities. She stressed that the Ministry is actively working with relevant bodies to incorporate environmental and climate considerations into Egypt’s Vision 2030, aiming to increase green public investments and promote a comprehensive and sustainable ecosystem.

The ministry’s strategic approach includes enhancing infrastructure, investing in human capital and innovation, and supporting green transitions. Currently, Egypt is managing 32 projects worth over $3 billion, focusing on areas such as infrastructure development, industrial localization, human capital development, and green technology adoption.

A key initiative discussed was the launch of the “HAFIZ Platform for Technical and Financial Support to the Private Sector,” which aims to bridge information gaps and facilitate connections between private sector players and development partners. The platform will offer access to financial tools, technical support, and other resources to support industrial development.

Significant projects include the “Sustainable Green Industry” initiative, funded by the European Investment Bank and the European Union, which focuses on eliminating industrial pollution and promoting renewable energy use. The conference also highlighted the recent €1 billion Memorandum of Understanding with the European Union, aimed at enhancing Egypt’s economic competitiveness and supporting green transition efforts.

Al-Mashat concluded by affirming the Ministry’s commitment to advancing Egypt’s industrial and human capital development goals, leveraging international cooperation and financing to drive sustainable and inclusive economic growth. The ministry’s efforts are aligned with Egypt’s broader goals of enhancing industrial competitiveness and fostering a green transition to ensure a sustainable future.